Tirumala Balaji Alloys Pvt. Ltd. filed an appeal against an application under Section 43 of the Insolvency and Bankruptcy Code, 2016. The appellant's counsel argued that a loan transaction of Rs. 5 Crores occurred in October 2015. The appellant contends that because there were no transactions involving immovable assets, the application under Section 43 is not maintainable. The appellant also argues that the repayment of the loan amount should not be considered when calculating the limitation period for filing the application. The relevance of these facts lies in determining whether the application under Section 43 is valid and whether the limitation period was correctly calculated.

Tirumala Balaji Alloys Pvt. Ltd. filed an appeal against an application under Section 43 of the Insolvency and Bankruptcy Code, 2016. The appellant's counsel argued that a loan transaction of Rs. 5 Crores occurred in October 2015. The appellant contends that because there were no transactions involving immovable assets, the application under Section 43 is not maintainable. The appellant also argues that the repayment of the loan amount should not be considered when calculating the limitation period for filing the application. The relevance of these facts lies in determining whether the application under Section 43 is valid and whether the limitation period was correctly calculated.